Will the NYC Office Market come through this? KPG Funds is putting their money where their mouth is...

Manhattan office developer KPG Funds is trying to put its money where its mouth is. The owner and operator, formerly known as K Property Group, is raising a $200 million fund, according to paperwork filed March 31 with the Securities and Exchange Commission. The minimum investment for outside investors is $5 million.

KPG CEO Greg Kraut said the fund had been in the works before the pandemic but the firm decided to press on. “We’re New Yorkers through and through and we’ve all been through a lot,” he said, “and we just have a lot of confidence in New York coming out of this.”